Tuesday, December 25, 2007

Accounting Basics 1

Dear friends

Good morning I am sending some basic information about accounting.

1 Personal account
Dr : The receiver of benefit.
Cr : The giver of benefit.

2 Real account
Dr : What comes in.
Cr : What goes out.

3 Nominal account
Dr : Expenses and losses.
Cr : Incomes and gains.

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